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or Name
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CA



Umbral Energy Corp
Symbol UMB
Shares Issued 64,172,146
Close 2017-02-21 C$ 0.09
Market Cap C$ 5,775,493
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Umbral Energy begins Falkland property purchase

2017-02-21 11:19 ET - News Release

Mr. Jagdip Bal reports

UMBRAL INITIATES FALKLAND, BC PROPERTY PURCHASE AND PREPARES FOR ACMPR FACILITY RETROFIT

Umbral Energy Corp. has initiated the purchase of the property located in Falkland, B.C., to be used to grow medical cannabis under the access to cannabis for medical purposes regulations (ACMPR) and its 50-per-cent interest in an application submitted by PhyeinMed Inc. PhyeinMed is a Stage 5 review applicant owned 50 per cent by Umbral.

The property is a combination of 13 acres of usable development, a 10,000-square-foot commercial steel-framed building, and a residence to be used for executive offices, call centre, accounting and security screening.

The medical cannabis grow facility is a short commute from several city centres in the region, allowing for ease of accessibility to labour and shipping requirements.

The purchase of the property and the completion of final renovation design and engineering have been initiated and are expected to be completed within 90 days. Due to the existence of the current buildings, new structures are not required for the initial phase, but a small expansion of one building will be required to accommodate the security measures required for the shipping vestibule. Notifications were sent to the local official departments, which included the RCMP, the fire department and the Columbia Shuswap Regional District, as required under the ACMPR. Upon notification to prepare for a prelicence inspection has been received by PhyeinMed from Health Canada, the facility will be well positioned with most, if not all, of the renovation and security requirements completed.

PhyeinMed anticipates that Health Canada will request additional information to confirm that the proposed site and storage security measures are in place, functional and comply with the requirements of the ACMPR and the Directive on Physical Security Requirements for Controlled Substances. In anticipation of the security requirements, the company completed and submitted with its original application thorough standard operating procedures, a master security plan, threat assessment report, vault requirements, site survey plan and architectural drawings to complete the necessary overlays for the security equipment to meet the requirements. Upon completion of the necessary requests and confirmation that the measures are in place, Phyeinmed expects an affirmation letter from Health Canada.

Although PhyeinMed's property is 13 acres of potential grow area, the company chooses to utilize the original building of 10,000 square feet. Perfecting the growing process and utilizing the most technologically advanced systems while maintaining the integrity of the plant and adhering to public health safety are of the utmost importance to the management of PhyeinMed.

Future plans utilizing 100 per cent of the land use capabilities could allow for several additional expansion opportunities.

About Umbral Energy Corp.

The company has mineral exploration projects in Utah, Nevada and Quebec. In addition, the company has an interest in PhyeinMed, which has applied for a licence from Health Canada to legally grow and sell medical marijuana.

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